Latest Energy subsidies News

EU slaps biodiesel duties on Indonesia over subsidy concerns

Aug. 13, 2019 7:22 AM EDT

BRUSSELS (AP) — The European Union says it has imposed extra duties on imports of biodiesel from Indonesia, claiming that the government in the Southeast Asian country is subsidizing the fuel. The EU's executive commission said Tuesday that a probe "found that Indonesian biodiesel producers benefit from...

Nuke plants' rescue jolts conservatives, environmentalists

Aug. 2, 2019 5:51 AM EDT

TOLEDO, Ohio (AP) — A financial rescue for Ohio's nuclear plants and two coal-fired plants that will force the state's residents and businesses to fork over roughly $1.5 billion is galvanizing environmentalists and some conservatives. Advocacy groups and investors, incensed by what they call a bailout and...

Warren pitches new trade agenda in Midwest swing

Jul. 29, 2019 2:07 PM EDT

WASHINGTON (AP) — Elizabeth Warren released a trade agenda on Monday that would aggressively use U.S. policy as a tool to prod other countries to adopt progressive stances on climate change and labor rights. The Massachusetts Democrat and presidential candidate proposed nine preconditions U.S. trading...

'This is hell': Zimbabweans say economy is worse than ever

Jul. 25, 2019 6:44 AM EDT

HARARE, Zimbabwe (AP) — Dadirai Tsvakai and her family have taken to combining dinner and breakfast - a meal they now eat just after midnight, if they are lucky to have a few hours of electricity. Then, in the dead of the night, they make a beeline for the local well to grab a place in the line for water....

Bitcoin craze hits Iran as US sanctions squeeze weak economy

Jul. 18, 2019 8:15 AM EDT

TEHRAN, Iran (AP) — Iranians feeling the squeeze from U.S. sanctions targeting the Islamic Republic's ailing economy are increasingly turning to such digital currencies as Bitcoin to make money, prompting alarm in and out of the country. In Iran, some government officials worry that the energy-hungry...

Economists urge Germany to price carbon, end subsidies

Jul. 12, 2019 8:31 AM EDT

BERLIN (AP) — A panel of economists advising the German government is recommending that the country should put a price on carbon emissions if it wants to meet its targets for reducing the amount of greenhouse gases being released into the atmosphere. In a report delivered Friday to German Chancellor Angela...

Egypt hikes fuel prices by up to 22 %

Jul. 5, 2019 9:56 AM EDT

CAIRO (AP) — The Egyptian government hiked up fuel and cooking gas prices Friday in another round of subsidy cuts designed to overhaul the country's ailing economy and meet the requirements of a large bailout from the International Monetary Fund. The move was expected to further squeeze the country's poor...

World trade panel sides with India vs US in renewables tiff

Jun. 27, 2019 5:26 PM EDT

GENEVA (AP) — A World Trade Organization dispute panel has ruled in favor of India in its complaint against the United States over subsidies and rules applied by eight U.S. states in the renewable energy sector, such as for solar and wind power. The ruling made public Thursday hands a defeat to the U.S....